On Wednesday, oil prices increased due to anticipated strong global demand, particularly from the United States, the world’s leading consumer. Despite lingering U.S. inflation concerns, expectations remained unchanged regarding potential rate cuts by the Fed. Brent futures for May climbed by 28 cents to $82.20 per barrel by 0730 GMT, while April U.S. West Texas […]
In a recent Congressional hearing focused on monetary policy, Fed Chairman Jerome Powell expressed his views on cryptocurrencies and the role of stablecoins in the financial landscape. While Powell acknowledged the resilience of the crypto industry, he emphasized the importance of regulatory oversight, particularly when it comes to stablecoins. Powell affirmed that stablecoins, unlike other […]
The euro has managed to squeeze out some gains against the US dollar in early trading today, following a slightly weaker greenback and better-than-expected German CPI data. Although the actual numbers were in line with forecasts, the 8.7% figure highlights the elevated and stubborn inflationary pressures in Germany, and this data is seen as a […]
INTRODUCTIONIt’s one of those questions some people wonder… but everyone’s too afraid to ask. (Like your neighbor’s name after saying good morning for the past six months.) Especially given the Federal Reserve’s seeming omnipresence, importance, and prestige in the American economy. To call it into question the Fed’s relevancy in the financial media is equivalent […]
As a result of U.S. data showing a robust labor market that could sustain the Federal Reserve’s hawkish stance for longer, the U.S. dollar (USD) increased against the majority of its major rivals on Thursday. While the economy recovered more quickly than anticipated in the third quarter, the number of Americans submitting new claims for […]
After falling the previous night on lower-than-expected inflation statistics, the dollar (USD) was trading around its worst levels in months against the euro (EUR) and the pound (GBP) on Wednesday. This reinforced speculation that the US Fed will announce a slower rate hike path. The US apex bank is largely expected to raise interest rates […]
The USD/JPY pair dropped by 420 or so points between the Asian and US sessions on Thursday, highlighting its vulnerability to US data and the dollar index (DXY). Following last night’s speech by Federal Reserve Chair Jerome Powell, the decline gained momentum, and it persisted during the Asian session as Bank of Japan policymaker Asahi […]
After Federal Reserve policymakers restated their commitment to raising US interest rates more than markets presently anticipate, the dollar (USD) weakened on Friday but was still on track for its highest weekly gain in a month. It decreased in value vs. the pound (GBP), which increased after a tumultuous day on Thursday in response to […]
Following a brutal drop last week, the US dollar (USD) maintained its steady course on Monday as Federal Reserve Governor Christopher Waller stated that the central bank was continuing to fight inflation. The dollar index fell 3.6% over two sessions last week, its worst two-day percentage fall since March 2009, as a result of somewhat […]
